New York Gov. Andrew Cuomo announced last Friday the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made possible in Gov. Cuomo’s 2013 Business …
An investigation by Washington Insurance Commissioner Mike Kreidler’s office has resulted in charges of theft and fraud against a Tacoma woman who attempted to collect insurance money for a car she claimed was stolen and destroyed in a fire. Donica …
USI Insurance Services has acquired Molton, Allen & Williams (MAW), headquartered in Birmingham, Ala. Terms of the transaction were not disclosed. USI said it will combine MAW with its existing Birmingham office under John Williams, MAW’s chairman and chief executive …
Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 9.5 …
Ally Financial Inc., the auto lender majority owned by the U.S. government, won regulatory approval to change its holding-company status, allowing the firm to keep an insurance business and a vehicle-auction website. The Federal Reserve granted Ally’s request to convert …
The Catholic Church isn’t harmed by the U.S. Affordable Care Act’s requirement for providing employees with insurance coverage for contraceptives, a judge ruled, throwing out most of a lawsuit challenging the provision. U.S. District Judge Amy Jackson in Washington last …
The Tennessee Valley Authority said it will receive another $150 million from an insurance company to help pay for the ongoing cleanup of the 2008 coal ash spill in Kingston, Tenn. ACE Bermuda Insurance Ltd. will pay TVA for a …
A Texas lawmaker has called for an investigation into racist emails uncovered within the Texas Windstorm Insurance Association, which acknowledged in court that bigotry could have influenced a claim filed by a predominantly Hispanic school district. The racist emails surfaced …
Holmes Murphy & Associates’ Chairman Jim Swift will move into a new role as director of development opportunities at the Des Moines, Iowa-based insurance brokerage effective Jan.1, 2014, as part of the organization’s planned leadership perpetuation strategy. As director of …
Gov. Mark Dayton declined to say Dec. 18 whether he asked for the resignation of the former CEO of Minnesota’s health insurance exchange, adding that he ultimately feels responsible for the success or failure of the venture. Dayton was asked …
